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  • Lesson 1 Entrep 1

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    Elle Mameng
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    The document provides an introduction to entrepreneurship, defining key terms and concepts. It explains that entrepreneurship involves developing, organizing, and managing a business while taking on financial risks for potential profit. Successful entrepreneurs have a passion for learning, take calculated risks, and are persistent in the face of challenges. The document also outlines the important role entrepreneurs play in driving innovation and economic growth through job creation and increased tax revenue.

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    Business administration course

    Original Title

    LESSON-1-ENTREP-1

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    The document provides an introduction to entrepreneurship, defining key terms and concepts. It explains that entrepreneurship involves developing, organizing, and managing a business while taking on financial risks for potential profit. Successful entrepreneurs have a passion for learning, take calculated risks, and are persistent in the face of challenges. The document also outlines the important role entrepreneurs play in driving innovation and economic growth through job creation and increased tax revenue.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    3 views7 pages

    Lesson 1 Entrep 1

    Uploaded by

    Elle Mameng
    The document provides an introduction to entrepreneurship, defining key terms and concepts. It explains that entrepreneurship involves developing, organizing, and managing a business while taking on financial risks for potential profit. Successful entrepreneurs have a passion for learning, take calculated risks, and are persistent in the face of challenges. The document also outlines the important role entrepreneurs play in driving innovation and economic growth through job creation and increased tax revenue.

    Copyright:

    © All Rights Reserved
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    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 7

    BTLED

    INTRODUCTION
    TO
    ENTREPRENEURSHIP
    LESSON 1

    Mrs. Clarivel M. Miranda


    Q&A
    How do you know what it takes to be an
    entrepreneur?
    ENTREPRENEURSHIP

    ● It is a lifelong process wherein the best way to learn it is


    by doing it.
    ● The capacity and willingness to develop, organize and
    manage a business venture along with any of its risks in
    order to make a profit.
    ENTREPRENEUR
    ● A person who sets up a business or businesses, taking on financial
    risks in the hope of profit.
    ● "To be a successful entrepreneur you must have a passion for
    learning – from customers, employees and even competitors." –
    James Bedal, CEO of Bare Metal Standard
    ● "Successful entrepreneurs ... have the guts to take a calculated risk
    and the tenacity and persistence to keep going even when there are
    bumps in the road." – Eileen Huntington, co-founder and CEO of
    Huntington Learning Center
    WHAT MAKES AN
    ENTREPRENEUR?

    1) The Idea
    2) The Market Research
    3) The Business Plan
    4) Raise Money and Make It Happen
    5) Don’t Give Up
    WHY ENTREPRENEURSHIP IS
    IMPORTANT TO THE ECONOMY?
    ● It has the ability to improve standards of living and create wealth,
    not only for the entrepreneurs, but also for related businesses.
    ● Entrepreneurs also help drive change with innovation, where new
    and improved products enable new markets to be developed.
    ● Economy wise, higher earnings thanks to entrepreneurship can help
    boost national income and tax revenue.
    ● Entrepreneurs contribute in other ways as well, such as investing in
    community projects and supporting local charities.
    ENTREPRENEUR
    ● A person who sets up a business or businesses, taking on financial
    risks in the hope of profit.
    ● "To be a successful entrepreneur you must have a passion for
    learning – from customers, employees and even competitors." –
    James Bedal, CEO of Bare Metal Standard
    ● "Successful entrepreneurs ... have the guts to take a calculated risk
    and the tenacity and persistence to keep going even when there are
    bumps in the road." – Eileen Huntington, co-founder and CEO of
    Huntington Learning Center

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